• Natural Gas Daily
  • Australia & Oceania
Companies & Finance

Murray & Roberts may sell Clough stake

South Africa’s Murray & Roberts Holdings is considering selling all or part of its 62% stake in the Australian energy engineering firm Clough, The Wall Street Journal reported on Friday.

6 January 2012
Exploration & Production

Santos beings Wortel production

Australia’s Santos plans to begin gas production in the Indonesian offshore Wortel gas field by the end of January, Reuters reported on Friday.

6 January 2012
LNG

PNG’s constitutional crisis blamed for Gulf LNG delay

Political gridlock in Papua New Guinea last month is primarily to blame for InterOil’s decision to postpone making a final investment decision on its Gulf LNG project.

5 January 2012
LNG

BHP, ExxonMobil seek slice of Queensland LNG action

BHP Billiton said last month it was in talks with some Australian CBM-to-LNG projects about exporting gas from its Bass Strait development. Such a link-up would greatly accelerate the rise in eastern Australian gas prices.

22 December 2011
Companies & Finance

Woodside delays Browse LNG FID to 2013

Woodside Petroleum’s announcement on Monday that it would postpone making a final investment decision on its Western Australian Browse LNG development came as little surprise following an unfavourab

19 December 2011
Companies & Finance

Banks due to submit commitments for $14 bln APLNG project

Banks were due to submit commitments this week for debt to support the $14 billion first phase of the $20 billion two-train Australia Pacific LNG (APLNG) project.

16 December 2011
Exploration & Production

Australia’s next big money maker?

After about five years of wide-scale consolidation in the Australian coal-bed methane sector, majors are now eyeing up the country’s rich shale reserves. The playing field, however, is not as easy t

16 December 2011
Exploration & Production

Exmouth Plateau discovery

Chevron and Royal Dutch Shell have discovered more gas off the coast of Western Australia, Chevron announced on Thursday.

15 December 2011
Exploration & Production

New Zealand Oil & Gas buys stake in the Cosmos Concession offshore Tunisia

New Zealand Oil & Gas has bought a 40% stake in the Cosmos Concession offshore Tunisia, the company said in a statement on Wednesday.

14 December 2011
Exploration & Production

Australia’s shale potential untouched

Australia’s vast shale gas resources so far remain largely untouched, in part because of high costs. But with a couple of recent investments in the sector, there is optimism that output will begin in the next five years.

13 December 2011
LNG

Sinopec to raise stake in Australia’s APLNG to 25%

China’s state-owned Sinopec announced on Monday that it will boost its stake in the Australia Pacific LNG (APLNG) project, a joint venture controlled by ConocoPhillips and Origin Energy, to 25%.

12 December 2011
LNG

Gas storage is the missing link in Australian CBM-LNG projects

Eastern Australia’s coal-bed methane output, LNG exports and gas-fired power generation are all rising quickly. So far, however, investors appear to be ignoring the growing value of gas storage capacity.

8 December 2011
Companies & Finance

Near-term credit crunch awaits Australian LNG producers

Australia is undoubtedly set to become the world’s leading LNG exporter in the next decade, with around 60 million tons of LNG and $150 billion worth of sanctioned projects in the pipeline.

7 December 2011
LNG

Woodside’s Browse LNG suffers setback in land title dispute

Woodside Petroleum’s troubled Browse LNG Development in Western Australia suffered a setback on Tuesday, when the state's Supreme Court ruled against the company in a native land title dispute.

6 December 2011
LNG

QGC’s investments in Queensland Curtis LNG tops A$5.1 bln

Australian coal seam gas (coal-bed methane) explorer and producer Queensland Gas Co. (QGC) has invested more than A$5.1 billion ($5.23 billion) in the past 18 months in the Queensland Curtis LNG (QCLN

5 December 2011
Exploration & Production

Eni fast-tracks Timor Sea work following Evans Shoal purchase

Italian oil and gas major Eni plans to fast-track the seismic work in the Blackwood gas discovery in the Timor Sea, following its acquisition of the nearby Evans Shoal field last week, according to a news report on Monday.

5 December 2011
Companies & Finance

Santos blames PNG LNG costs rise on strong Aussie dollar

Project co-sponsor Santos has revealed that the strength of the Australian dollar has caused the cost of the PNG LNG project to rise by $700 million.

2 December 2011
Companies & Finance

Origin to finance share in APLNG project

Origin Energy has allocated $800 million in a notes offering, with the proceeds used to finance the developer's share in the massive Australia Pacific LNG (APLNG) project.

2 December 2011
Policy & Regulation

Aussie Senate committee urges more CBM regulation

The Australian government should delay on giving any additional approvals for coal-bed methane (CBM) production in part of the south-eastern Murray-Darling Basin until the Queensland state government completes a regional review of how CBM drilling affects water resources, a federal Senate committee has said.

2 December 2011
Companies & Finance

Aussie dollar pushes PNG LNG budget up

ExxonMobil has raised its estimated capital cost for the PNG LNG development in Papua New Guinea by $700 million to $15.7 billion because of the stronger Australian dollar, PNG LNG shareholders Santos and Oil Search announced on Thursday.

1 December 2011

Viewing 1,381-1,400 of 1,488 articles